North Miami, FL Economy


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North Miami, FL is a vibrant city with many attractions. It's 2 Bedroom Rent rate is higher than the US average at $1,760 per month, but this may be due to the cost of groceries being 5% higher than the national average. As such, families should consider what they are getting for their money when looking at North Miami. Companies and businesses in North Miami include AutoNation, Inc., Bass Pro Shops Outdoor World, Miami Children's Hospital, Oleta River State Park, Century 21 Real Estate LLC and Pronto Insurance. With these businesses providing goods and services to the area as well as its close proximity to amenities like beaches and parks, North Miami provides an exciting lifestyle for those who choose to call it home.

North Miami has an unemployment rate of 11.0%. The US average is 6.0%.

North Miami has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 34.7%, which is higher than the US average of 33.5%.

Tax Rates for North Miami
- The Sales Tax Rate for North Miami is 7.0%. The US average is 7.3%.
- The Income Tax Rate for North Miami is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for North Miami
- The average income of a North Miami resident is $18,154 a year. The US average is $28,555 a year.
- The Median household income of a North Miami resident is $44,283 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNorth Miami, FloridaUnited States
  116
  -11.1%-6.2%
  34.7%33.5%
  7.0%6.2%
  0.0%4.6%
  $22,950$37,638
  $44,283$69,021
  $48,952$85,028
  Population by Occupation
  0.2%1.2%
  0.0%0.5%
  6.2%6.8%
  4.1%10.0%
  1.6%2.5%
  12.5%11.0%
  9.6%4.8%
  0.2%0.8%
  0.9%1.9%
  2.2%4.7%
  3.6%1.9%
  2.9%7.6%
  0.1%0.1%
  7.8%4.2%
  6.3%9.3%
  13.3%14.0%
  1.8%2.1%
  17.5%7.0%
  5.6%4.8%
  3.6%4.7%
Reviews for North Miami
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Over 13 years ago

Very difficult during most of the year. It can be humid and hot. Many afternoons during rainy season there are thunder storms. An a/c is imperative. The most  More

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Over 14 years ago

The mayor of North Miami is not involved. Raised monies for help in Haiti and then months after the collections ask the residents "what to do with the money" Where is  More

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Over 17 years ago

this place sucks big  More

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